Case Study: Fidelity Investments achieves 20% savings and 50% faster time to contract with Globality

Fidelity Investments cuts time to contract by 50% with Globality

Fidelity Investments, a leader in the financial industry, sought to innovate and streamline its high volume of manual procurement transactions. Their challenge was to achieve significant cost savings and improve supplier rates. To meet this goal, they turned to Globality and its autonomous sourcing platform.

Globality's solution delivered substantial improvements in efficiency and savings for Fidelity. The platform reduced time to contract by about 50% and achieved a 20% savings rate in the professional services category. Furthermore, Globality enabled an 84% reduction in required resources, allowing the company to break even on its investment within just three months and subsequently boost its bottom line with pure savings.

Fidelity Investments